Company that promised one-way ticket to Mars goes bankrupt

13/02/2019

Mars One, the startup that wanted to send a team to the Red Planet by getting funding through a reality television show, has gone bankrupt. Its Mars One Ventures AG stock was suspended in 2017 when the company increased the number of shares.

Lansdorp told Engadget that the Mars One Foundation is still operating, but could not do anything of note without additional investment.

On January 15th, The Swiss-based Ventures AG was declared bankrupt by a Basel court and was, at the time, valued at nearly $100 million.

Almost seven years after it first grabbed headlines, Mars One, a startup that wanted to send the first human colony to Mars, is officially dead. The company promised to take wannabe astronauts to Mars to start the first human settlement on the Red Planet. That was confirmed today by Mars One, which announced that the corporation is indeed in administration. For one, the organization at first contended that it had received more than 200,000 applicants from individuals everywhere throughout the world interested in living on Mars, yet an investigation by the publication Matter couldn't verify that claim. The idea all along has been to turn this incredible challenge into a reality TV show which the company would then make money on via licensing.

Hey, remember that bad Mars mission startup that just officially died because it totally ran out of money and it wasn't even close to doing anything meaningful?

In 2016, Mars One Ventures was procured by the Swiss organization InFin Innovative Finance, however, its site does not give off an impression of being active any longer. The company's most recent news update was an $13.5 million investment from Phoenix Enterprises AG in July 2018.

In the past, critics have openly questioned the project's validity and safety after Mars One stated they would use existing technology for the mission.

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